Entertainment

Yahoo Reports Dismal Earnings, Revenue Down 24%

Yahoo reported its third quarter earnings on Tuesday and the results weren't pretty.

The company net earnings were down 26% from the third quarter in 2010 and its revenue, excluding traffic acquisition costs was down 5% from 2010. Yahoo's GAAP adjusted revenue was down 24% from third quarter 2010.

All in all, the financial picture was not positive, though the company did report higher than expected earnings per share.

Looking at the results, display revenue for the quarter was flat when compared with third quarter 2010. GAAP display revenue, search revenue and GAAP search revenue was also down.

Mashable
is a global, multi-platform media and entertainment company. Powered by its own proprietary technology, Mashable is the go-to source for tech, digital culture and entertainment content for its dedicated and influential audience around the globe.